Breaking News, Business, Financial and Economic News, World News from EconoTimes

Become a contributor

Bookmark Econotimes

Business

Thu, Apr 30, 2026 07:14 PM All times are UTC

Follow Series

©Econometrics LLC . All Rights Reserved.

China's non-manufacturing activity drops in December

Dec 31, 2020 22:32 pm UTC| Business

The purchasing managers index (PMI) for Chinas non-manufacturing sector dropped from the 56.4 it posted in November to 55.7 in December according to the National Bureau of Statistics (NBS). It has remained above 50 for 10...

Audi strengthens stake in China

Dec 31, 2020 22:27 pm UTC| Business

German carmaker Audi and its two Chinese partners, FAW and SAIC, announced that they will sell and service its future products via the FAW-Volkswagen Audi investor network. Audi, along with FAW, will expand its...

DHIC improves financial health by selling shares, financial assistance

Dec 31, 2020 21:03 pm UTC| Business

Doosan Heavy Industries Construction Co. (DHIC) improved its financial status health on the back of Doosan Groups self-rescue plan, which involved selling new shares and assets. It also received a financial boost from...

LG, Samsung, SK among world's top 5 EV battery makers in Jan.-Nov. period

Dec 31, 2020 20:52 pm UTC| Business

South Korean battery maker LG Energy Solution Ltd. shipped 26.4 gigawatt-hour (GWh) equivalents of electric vehicle (EV) batteries in the first 11 months of the year to account for 22.6 percent of the global market and be...

Lotte closes fashion mall in Dongdaemun Market

Dec 31, 2020 20:48 pm UTC| Business

Shopping center Lotte FITIN will be closed down by Dec. 31 due to the effects of the pandemic on the fashion business. Lotte Asset Development, Lotte groups real estate firm, has been operating the mall for seven years....

Tata ups AirAsia stake to 84% while eyeing Air India

Dec 31, 2020 20:42 pm UTC| Business

Tata Group is paying $38 million to increase its stake in AirAsia India from 51 percent to 84 percent as it looks to increase its share of Indias airline industry. Last week Tata also put in a bid for the countrys...

S. Korea's banks to operate nonfinancial services such as food delivery

Dec 31, 2020 20:33 pm UTC| Business

South Koreas Financial Services Commission will revise its regulatory system in July to allow local banks to operate nonfinancial services like food delivery via their mobile applications. The countrys top financial...

3031 3032 3033 3034 3035 3036 3037 3038 3039 3040

Economy

Oil Prices Surge Amid U.S.-Iran Tensions and Supply Disruption Fears

Global oil prices climbed sharply on Thursday as escalating geopolitical tensions between the United States and Iran fueled concerns about further supply disruptions in the Middle East. Brent crude oil prices surged by as...

Asian Stocks Slip as Oil Prices Surge and Fed Signals Inflation Risks

Asian stock markets declined on Thursday as investors reacted to a sharp rise in oil prices, mixed corporate earnings, and a cautious outlook from the U.S. Federal Reserve. The combination of geopolitical tensions, energy...

Dollar Holds Near Two-Week High as Fed Hawkish Shift Lifts Yields, Yen Near Intervention Zone

The U.S. dollar remained close to its strongest level in more than two weeks on Thursday, supported by a hawkish shift from Federal Reserve policymakers that pushed Treasury yields to a one-month high. Currency markets are...

US Stock Futures Mixed as Fed Holds Rates, Oil Prices Surge, and Big Tech Earnings Drive Market Moves

U.S. stock index futures traded mixed on Wednesday evening as investors reacted to the Federal Reserves latest policy decision, rising oil prices, and a fresh round of earnings from major technology companies. Market...

China Factory Activity Extends Growth in April Despite Global Pressures

Chinas manufacturing sector continued to expand for a second consecutive month in April, signaling resilience in the worlds second-largest economy despite ongoing global uncertainties. According to official data from the...

Politics

Russian Drone Strikes Hit Odesa Again, Injuring Civilians and Damaging Infrastructure

Russian drone attacks targeted the southern Ukrainian city of Odesa overnight, marking the second assault this week and leaving at least 18 people injured, according to local officials. The latest strike adds to the...

US House Advances $70 Billion Immigration Enforcement Budget Plan

The U.S. House of Representatives has approved a three-year budget framework that could unlock an additional $70 billion for immigration enforcement, marking a significant step in shaping future border security policies....

Trump to Receive Briefing on Potential U.S. Military Action Against Iran

U.S. President Donald Trump is expected to receive a high-level security briefing on Thursday regarding new military options targeting Iran, according to a report by Axios citing unnamed sources. The briefing will be led...

Taiwan Independence Explained: History, Status, and Rising China Tensions

Taiwan independence remains a highly debated issue in global politics, especially as tensions between China and the United States continue to shape international relations. The topic is expected to feature prominently in...

Taiwan Activates Backup Communications After Undersea Cable Break on Dongyin Island

Taiwan has activated emergency backup communications for Dongyin, its northernmost and strategically important island, after an undersea cable was damaged due to shifting shipwreck debris caused by severe weather. The...

Science

China vs. NASA: The New Moon Race and What's at Stake by 2030

The space race is back and this time, its a direct competition between the United States and China for dominance on the lunar surface. NASAs Artemis II mission recently made history when four astronauts flew farther into...

NASA Artemis II: First Crewed Moon Mission Since Apollo Takes Four Astronauts on 10-Day Lunar Journey

NASAs Artemis II mission launched Wednesday, marking humanitys return to crewed lunar exploration for the first time since the Apollo era. Carrying four astronauts aboard the Orion spacecraft, this historic 10-day mission...

NASA's Artemis II Mission: First Crewed Lunar Journey Since Apollo

NASA's Artemis II Crew Arrives in Florida for Historic Moon Mission

The four astronauts chosen for NASAs Artemis II mission have touched down at Kennedy Space Center in Florida, marking the beginning of final launch preparations for the first crewed lunar journey in over 50 years. NASA...

SpaceX Pivots Toward Moon City as Musk Reframes Long-Term Space Vision

SpaceX CEO Elon Musk has revealed a significant shift in the companys near-term space exploration strategy, announcing that SpaceX is now prioritizing the development of a self-growing city on the Moon rather than focusing...

Technology

Meta Raises 2026 Capex Outlook Amid AI Spending Surge, Shares Drop After Earnings

Meta Platforms has increased its full-year capital expenditure guidance for 2026, signaling continued aggressive investment in artificial intelligence infrastructure despite rising costs and market concerns. The company...

Amazon Stock Dips Despite Record Earnings as AI Infrastructure Spending Surges

Amazon (AMZN) shares slipped 2.6% in after-hours trading on Wednesday, even after the company delivered record-breaking quarterly earnings that exceeded Wall Street expectations. The decline reflects investor concerns over...

Alphabet Earnings Surge on AI Growth, Cloud Revenue, and Strong Search Performance

Alphabet Inc. delivered an impressive first-quarter performance, surpassing Wall Street expectations with strong growth driven by its Cloud division and core Search business. The tech giant reported adjusted earnings per...

Qualcomm Stock Surges Despite Weak Guidance After Q2 2026 Earnings Beat

Qualcomm Inc. (NASDAQ: QCOM) shares climbed sharply on Wednesday, closing up 9% after a volatile trading session triggered by its fiscal second-quarter 2026 earnings report and softer-than-expected forward guidance. The...

Microsoft Azure Growth Forecast Beats Expectations Amid Rising AI Competition

Microsoft has projected stronger-than-expected growth for its Azure cloud business, signaling continued momentum in the competitive cloud computing and artificial intelligence market. The company announced it expects Azure...